TD Cowen: 'Aptiv PLC. (APTV) Remains Our Top Supplier Pick'

TD Cowen analyst Itay Michaeli reiterated a Buy rating and $107.00 price target on Aptiv PLC. (NYSE: APTV).

The analyst commented: "Investor Day Takeaways; Aptiv Remains Our Top Supplier Pick; Aptiv's CMD supported our Buy thesis and $107 target. Three incremental takeaways: (1) We walked away more constructive on EDS' outlook. (2) New Aptiv's industry assumptions seem to embed some conservatism, improving go-forward risk/reward. (3) Though Aptiv's future capital deployment split will remain a source of some debate, we'd feel comfortable modeling one-third of future FCF for buybacks."

For an analyst ratings summary and ratings history on Aptiv PLC. click here. For more ratings news on Aptiv PLC. click here.

Shares of Aptiv PLC. closed at $75.77 yesterday.

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